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Nov 27, 2012
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today was reid saying there's little progress. the next thing we have to be fearful of, which i fully anticipate, is they're going to be talking about a full breakdown of talks in washington between now and the end of the year. that's your buying opportunity. that's when you have to shut your eyes, plug your nose, and jump in. they're not going to let it go that far. we may run over the cliff. i'd expect a deal very quick in the new year with the retroactive feature. it's messy. it's not pretty. we're not looking for good common sense and clean policy from washington. but it will be in place in a month, two months from now. >> when the fall happens, you're saying that's the opportunity. >> i think it's consumer discretionary. you just picked it up a moment ago with corning's commentary about flat panel. the housing market is what's so key about this. we got the very good news from kay-shiler today. housing starts are booming. they're going to continue to run up significantly in the next few years. this isn't just a few months. we'
today was reid saying there's little progress. the next thing we have to be fearful of, which i fully anticipate, is they're going to be talking about a full breakdown of talks in washington between now and the end of the year. that's your buying opportunity. that's when you have to shut your eyes, plug your nose, and jump in. they're not going to let it go that far. we may run over the cliff. i'd expect a deal very quick in the new year with the retroactive feature. it's messy. it's not...
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Nov 28, 2012
11/12
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yesterday, when we heard from harry reid, that made the market sell off. these comments are market moving events. dennis: thank you. as for oil, it has been in the red for much of the morning. phil flynn standing by at the cme. >> a great day and oil today. we are down because of the fiscal cliff worries. we actually got a smaller than expected build and oil. we have a negative and oil. that normally would have normally been very, very bullish. it was huge. almost 3.68 million barrels. what is happening here is we saw a drop of 1.5 billion barrels. they could not get into new york harbor. they are showing up on shore in a big way. back to you. dennis: thank you. cheryl. cheryl: this could cost tens of thousands of jobs. dennis: toyota takes it turned out the auto show. first, let's take a look at the world currencies and the u.s. dollar. ♪ this is america. we don't let frequent heartburn come betweeus and what we love. so if you're o of th people who gets heaeartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn
yesterday, when we heard from harry reid, that made the market sell off. these comments are market moving events. dennis: thank you. as for oil, it has been in the red for much of the morning. phil flynn standing by at the cme. >> a great day and oil today. we are down because of the fiscal cliff worries. we actually got a smaller than expected build and oil. we have a negative and oil. that normally would have normally been very, very bullish. it was huge. almost 3.68 million barrels....
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Nov 25, 2012
11/12
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, that harry reid, is a chief of staff, makes a presentation on the deal if reid is trying to work out with the republicans. in the course of doing that, david corn says to the president of the united states, in the oval office is in his house, i am disappointed in this white house and you for not having a fallback plan. literally, again. somebody reading of the president in the oval office for not having a plan. after the meeting, harry reid said to his chief of staff, stood up to him, he needed to hear it. no one was telling him. think about it for a moment. what is the second most powerful democrat in washington have to use his chief of staff as a lever to send a message to the president of the united states? i was talking to somebody from amazon.com the other day. as you may know, they take books and they divide them as red states and blue states. most of the books selling in red states, republican state, blue state, democratic states, and i have said, where does this football? where is it to and he said well, it's purple. because it has information about both sides in all of us. i
, that harry reid, is a chief of staff, makes a presentation on the deal if reid is trying to work out with the republicans. in the course of doing that, david corn says to the president of the united states, in the oval office is in his house, i am disappointed in this white house and you for not having a fallback plan. literally, again. somebody reading of the president in the oval office for not having a plan. after the meeting, harry reid said to his chief of staff, stood up to him, he...
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Nov 29, 2012
11/12
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>> harry reid and i have been friends for 30 years. harry and i both share a vision and a love for the state of nevada. >> susan austin says even here the cliff will hurt. >> anything that happens in washington affects everybody in the united states. it's going to trickle down to me sooner or later. it's definitely going to hurt me in the end. >> now, the ranch owner says political leaders need to realize money is on the sidelines until confidence returns. as for susan austin, you can see her entire interview on the blog funnybusiness.cnbc.com. back to you. >> thanks so much. we'll be watching that. jane wells. >>> two more companies announcing special dividends tonight. here's a quick market flash. >> that's right. national beverage confirming its board has decided to distribute a special dividend of $2.55 a share. the record date will be december 7th. also, regal entertainment announcing $1 per share for its class "a" and "b" common stock. these two companies among many others declaring special dividends ahead of the end of the year
>> harry reid and i have been friends for 30 years. harry and i both share a vision and a love for the state of nevada. >> susan austin says even here the cliff will hurt. >> anything that happens in washington affects everybody in the united states. it's going to trickle down to me sooner or later. it's definitely going to hurt me in the end. >> now, the ranch owner says political leaders need to realize money is on the sidelines until confidence returns. as for susan...
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Nov 29, 2012
11/12
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(laughter) so you've been warned, harry reid! take away mitch mcconnell's filibuster and he will strike back by obstructing everything you do! or let him keep the filibuster so he can obstruct everything you do! (laughter) i think the choice is clear. we'll be right back. (cheers and applause) 04ql-x@$,x56 (cheers and applause) >> stephen: welcome back, everybody. my guest tonight is the original voice of both yoda and cookie monster. i'll ask him if four cookie cs. please welcome frank oz. (cheers and applause) thank you, hey, nice to meet you frank oz. can i call you frank oz. >> you can. >> stephen: frank oz -- >> can i just say something? >> stephen: yes. >> my favorite part of your show bar none is when you introduce the guest and you come here and take a bow. (laughter) i love that. >> stephen: well, i've got to give these people what they want. >> it's great. (cheers and applause) >> stephen: well, that's great to hear. >> i mean it, i think it's hysterical, and you deserve it. >> stephen: thank you, i put the most thought
(laughter) so you've been warned, harry reid! take away mitch mcconnell's filibuster and he will strike back by obstructing everything you do! or let him keep the filibuster so he can obstruct everything you do! (laughter) i think the choice is clear. we'll be right back. (cheers and applause) 04ql-x@$,x56 (cheers and applause) >> stephen: welcome back, everybody. my guest tonight is the original voice of both yoda and cookie monster. i'll ask him if four cookie cs. please welcome frank...
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Nov 28, 2012
11/12
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the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat,
the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit...
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Nov 27, 2012
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i don't care what harry reid says. medicare and medicaid and social security have to be restructured, not fine tuned. obamacare has to be in play. >> eric: you don't want to see it on c-span? i do. >> andrea: you worked on the hill, i did. we worked in washington. the chances of it really happening on c-span would happen in the men's room and the hallways. call each other after the camera left the room. someone brought this idea to me and it's really crazy. what if republicans said i'm not going to vote on this. if you want higher tax increases, boehner brings it to the floor. they don't vote and this becomes the obama tax hike, the obama spending cut. on him. let him own it. they voted for him. let them own it. >> brian: house democrats going along with maybe john boehner caucus to pass it. that is how divided it could be. it could cost them the house. when it's said and done and we're sitting here on december 31, emergency session of five five -- i'll be here in case of injury -- there will be sitting there saying th
i don't care what harry reid says. medicare and medicaid and social security have to be restructured, not fine tuned. obamacare has to be in play. >> eric: you don't want to see it on c-span? i do. >> andrea: you worked on the hill, i did. we worked in washington. the chances of it really happening on c-span would happen in the men's room and the hallways. call each other after the camera left the room. someone brought this idea to me and it's really crazy. what if republicans said...
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Nov 28, 2012
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they have kind of signaled that in the most recent senate election where harry reid's guy lost and the anti-tax candidate won in nevada. so the tax issue is a powerful issue. i understand it comes with the territory, that people attack me personally. it doesn't bother me. i'm very comfortable in my own skin. if they want to waste their time personally attacking me, they're free to do so. but taxes are too high. spending is too high. this needs to be changed and i think the american people will make it clear as time unfolds that raising taxes is not where they want to go. >> grover norquist, thanks very much for joining us. >> thanks, wolf. >>> let's get another point of view right now. joining us, dick durbin, assistant majority leader, the senator from illinois. senator, thanks very much for coming in. we just heard from grover norquist, several republicans on capitol hill this week have said they would consider defying his pledge but for some of them, raising revenue just means getting rid of loopholes or capping some deductions, not raising tax rates or letting tax cuts expire. is t
they have kind of signaled that in the most recent senate election where harry reid's guy lost and the anti-tax candidate won in nevada. so the tax issue is a powerful issue. i understand it comes with the territory, that people attack me personally. it doesn't bother me. i'm very comfortable in my own skin. if they want to waste their time personally attacking me, they're free to do so. but taxes are too high. spending is too high. this needs to be changed and i think the american people will...
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Nov 29, 2012
11/12
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now the democrats are saying entitlement reform is off the table. >> greta: senator harry reid says the debt ceiling has to be part of it. it's too late to talk about that. it will hit the end of december, have an impact in february, when they hope to get tax refunds, and the government has no money. is there any way that you would vote to raise the debt ceiling? >> no. listen, what i would do, i'm not going to block it. what we need to do, is we need to restore confidence, remove the uncertainty in this economy. >> greta: what would you do? >> what i would do personally? >> greta: yes. >> democrats, last time we passed cut, cap and balance, which did increase the debt ceiling, but it had solutions to the problem. you know, a balanced budget amendment, limiting the sizes of government, and cut some spending. that was a valid -- that was a good plan. also increased the debt ceiling. we should do the same thing this time. democrats won't go along with it. i recognize that. i recommend we don't block them. we say, okay, you guys can increase the debt ceiling, but no more than a trillion do
now the democrats are saying entitlement reform is off the table. >> greta: senator harry reid says the debt ceiling has to be part of it. it's too late to talk about that. it will hit the end of december, have an impact in february, when they hope to get tax refunds, and the government has no money. is there any way that you would vote to raise the debt ceiling? >> no. listen, what i would do, i'm not going to block it. what we need to do, is we need to restore confidence, remove...
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Nov 27, 2012
11/12
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is this a perry blow with the harry reid? >> the democratics, if they change the rules, can do it with 51 votes, so he doesn't have to be onboard but look, they're not talking about stripping the minority of the right to filibuster. they're talking about instead of saying oh, i'm going to filibuster and everything comes to a stand still that you actually have a and up and filibuster, that people would have to take the floor and read the phone book. i don't see anything wrong with that. there are a couple of proposals out there nothing that significantly reduces the power of the filibuster, harry reid read has experienced 385 filibusters during his time at senate leader. lyndon johnson faced one filibuster. it is overused and abused, and so i think mcconnell better get over it. >> it seems like he's going to have to. it seems he's almost resigned to be in the minority for a very, very long time. that's the behavior and demeanor of someone who is going to be in the minority. we almost got through the fill buster without mention
is this a perry blow with the harry reid? >> the democratics, if they change the rules, can do it with 51 votes, so he doesn't have to be onboard but look, they're not talking about stripping the minority of the right to filibuster. they're talking about instead of saying oh, i'm going to filibuster and everything comes to a stand still that you actually have a and up and filibuster, that people would have to take the floor and read the phone book. i don't see anything wrong with that....
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Nov 29, 2012
11/12
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we've seen kind of a wild day based on comments of boehner, schumer, reid. right now the dow jones industrial average is up just a blew eluga whisker under 50 poi. mostly green. back after this. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ ] i'm with scottrade. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] welcome to the world leader in. derivatives. welcome to superderivatives. >>> corporate executives are naturally barred from illegal insider trading, but is an sec rule designed to avoid t
we've seen kind of a wild day based on comments of boehner, schumer, reid. right now the dow jones industrial average is up just a blew eluga whisker under 50 poi. mostly green. back after this. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar...
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Nov 27, 2012
11/12
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FBC
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senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox business exclusive. delaware governor has some ideas. you have to hear what he has to say. the nasdaq, trying to tune out all the noise. if the nasdaq can turn it around and post positive gains here by the close, it will be the seventh straight day of gains, the longest winning streak in 16 months, seven days in a row, and yes, i know, positive gains is redundant. just seeing if you're paying attention. you know what? somebody is always making money. don't ever let the markets fool you. if something is down, somebody else is making money on the other side. let's find out from our traders at the new york stock exchange, cme group and the nymex for our floor show. teddy weisberg, who is mak
senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox business exclusive. delaware governor has some ideas. you have to hear what he has to say. the...
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Nov 28, 2012
11/12
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but what harry reid said was really a game- changer, about perhaps trying to curb filibusters. that would be a game-changer, and would put a lid on the stock market. > he could have that much power? unbelievable. all right, let's move on to our next question and talk about greece. for now it looks like greece will not go bankrupt. is that helping the stock market? > > i think it is, but i think it was priced into the stock market. i think the stock market realizes that greece's debt is unsustainable, so anything they can do to prolong that pain until the inevitable happens where there's debt forgiveness is a good thing for the stock market. > what is it better to own right now - a powerball ticket, or stocks? > > stocks. absolutely. i would own stocks before a powerball ticket. > good answer. good to have you on the show. that is larry shover of sfg alternatives. > > thank you. president obama hits the road this week to talk directly with americans about budget plans, possibly in hopes of putting pressure on his republican opponents to compromise on a budget deal. the president
but what harry reid said was really a game- changer, about perhaps trying to curb filibusters. that would be a game-changer, and would put a lid on the stock market. > he could have that much power? unbelievable. all right, let's move on to our next question and talk about greece. for now it looks like greece will not go bankrupt. is that helping the stock market? > > i think it is, but i think it was priced into the stock market. i think the stock market realizes that greece's debt is...
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Nov 28, 2012
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harry reid was very pessimistic. this is a traitorous market, we will see a lot of volatility going to the end of the year. melissa: it is like a ping-pong match. thank you very much, and very interesting day right now we are glad everybody is watching this, focusing on the fact one sentence close the market around. voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with the president's remarks that he would like to see framework to avoid the fiscal cliff by christmas. sitting treasury debt up to capitol hill tomorrow to meet with congressional leaders, democrats and republicans. in the meantime the president keeping up the pressure on republicans from here to extend expiring tax cuts for middle-class taxpayers, but let them expire for wealthier taxpayers. take a listen. >> the place where we already have and three complete agreement right now is on middle-class taxes. as i have said before, we have tw
harry reid was very pessimistic. this is a traitorous market, we will see a lot of volatility going to the end of the year. melissa: it is like a ping-pong match. thank you very much, and very interesting day right now we are glad everybody is watching this, focusing on the fact one sentence close the market around. voicing his optimism they could reach a deal with the white house and avoiddthe fiscal cliff. looking at the oneesentence in that one word, optimism. >> that is right, with...
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Nov 27, 2012
11/12
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free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going on. >> i don't think they made that comparison on school house rock. >> he was watching a different schoolhouse rock. >> the jack black "schoolhouse rock." >> the fiscal cliff is just a great headline but the tip of the iceberg of what is really ailing or what could potentially ail this market in weeks to come. we are within the whisper of a four-year high. europe is a mess and the data in the states has been mediocre at best. the fiscal cliff is an easy thing to point the finger at. >> there is a silver lining. if there is a silve
free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage...
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Nov 29, 2012
11/12
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to limit the republicans ability to oppose certain legislation. >> harry reid is doing this because he claims republicans are abusing the filibuster. >> i have faced 386 filibusters. >> 386 filibusters during harry reid's six years as majority leader. and given how little congress works some of that has to be mitch mcconnell stopping by harry reid's dinners to block passage of mashed potatoes. >> some of california's famous beaches may be in danger because sand is in short supply. >> we'll show you big names who are fighting for their spot on the sand and why that battle could play out on the east coast. that's ahead on cbs "this morning." >> this portion of cbs "this morning" is sponsored by hershey's. life is delicious. smiles make more smiles. when the chocolate is hershey's. life is delicious. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care ma
to limit the republicans ability to oppose certain legislation. >> harry reid is doing this because he claims republicans are abusing the filibuster. >> i have faced 386 filibusters. >> 386 filibusters during harry reid's six years as majority leader. and given how little congress works some of that has to be mitch mcconnell stopping by harry reid's dinners to block passage of mashed potatoes. >> some of california's famous beaches may be in danger because sand is in...
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Nov 27, 2012
11/12
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harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the place, we'll do what we have to fight back." john cornyn says if democrats change the rules, it it will shut down the senate, it's such an abuse of power. you might ask how their e threats of a shutdown differ materially from the shutdown senate now when the minority will not allow a majority vote on anything giving them the power to control the senate. we called the two senators and asked specifically what they propose to do if they manage to tweak the filibuster. senator cornyn's office got back to us, but not with an answer. senator coburn did not respond, but he did give
harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the...
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Nov 22, 2012
11/12
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harry reid has long defended the perogatives of the senate and of the filibuster even in the face of criticism from his own members, but virtually all of his members now want to do something and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way of democratic program and as norm said, at the beginning of this new congress president obama has a better shot at working with the senate including 6, 8, 10, republicans in using that to put pressure on the house so is this the right time to blow up the senate? >> norm, real quick, do you think we need 67 or 51, whatever you want to do? what do you think is the number of senators? >> institutionally you could do it with 51. you made the key point. in 197 5z when they changed the rule they started to do it this way and stepped back and reached a bipartisan compromise. if you're going to jam something through
harry reid has long defended the perogatives of the senate and of the filibuster even in the face of criticism from his own members, but virtually all of his members now want to do something and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way of...
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Nov 25, 2012
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pelosi and reid worked with him to do that. then in 2008 they came to us. john, you and i worked together on the whole question to the response to the financial. i believe we had in 2007, 2008, this is not a longstanding problem. a great deal of cooperation in the bush administration. i do believe that there were elected some people in 2010, tea party influence, who repudiated the notion of compromise, and some have said it exclusively. i think partisanship, you have to start from a position of principle and then you work together. i think in 2007 and 2008 we showed how can you do that. >> candy, let me join in the general hopefulness that we're going to avoid the fiscal cliff, but it's not a done deal. it's not a certainty. the reason is the country -- the government is on automatic pilot to the fiscal cliff, to massive tax increases and really horrible spending cuts on january 1st unless we act, so if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff, so there's work to be done and compromises
pelosi and reid worked with him to do that. then in 2008 they came to us. john, you and i worked together on the whole question to the response to the financial. i believe we had in 2007, 2008, this is not a longstanding problem. a great deal of cooperation in the bush administration. i do believe that there were elected some people in 2010, tea party influence, who repudiated the notion of compromise, and some have said it exclusively. i think partisanship, you have to start from a position of...
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Nov 26, 2012
11/12
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>> harry reid this afternoon was adamant, hope the house republicans are listening. the president has spoken. mitch mcconnell said we needed to tone down the reckless voices of the left. that will be the problem. these sites are no further along than they were in march when ben bernanke declare the term fiscal cliff on capitol hill. as to the specifics nobody really knows. there was a proposal about the estate tax for the chairman of the finance committee in the senate, nobody really knows. we will have a million of these ideas between now and the christmas eve or new year's eve. david: will tim geithner lead the negotiations? >> tim geithner is in charge, but at the very top level. david: thank you very much. good to see you. back to you. liz: next we take you into the future find out the news moving the market tomorrow. plus, 12 drummers drumming, what will that run you? you don't want to know. wait until you hear how much all 12 days of christmas will cost you. a pretty penny. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i
>> harry reid this afternoon was adamant, hope the house republicans are listening. the president has spoken. mitch mcconnell said we needed to tone down the reckless voices of the left. that will be the problem. these sites are no further along than they were in march when ben bernanke declare the term fiscal cliff on capitol hill. as to the specifics nobody really knows. there was a proposal about the estate tax for the chairman of the finance committee in the senate, nobody really...
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democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects the middle class and strengthens it and creates ladders of opportunity for those who aspire to the middle, to get there. >> it's time for the president to present a plan that rises above the reckless and radical voices on the hard left, that goes beyond the talking points of the campaign trail, and that has a realistic chance of passing the congress. the time, in other words, for campaigning is over. it's time for the president to lead. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece. and republicans should put revenue on the table. so i agree we shouldn't raise rates, but grover is wrong when it comes to we can't cap deductions and buy down debt. what do you do with the money? i will violate the pledge, long story short, for the good
democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehner should be able to do it. >> it's the right approach, the one most beneficial for our economy, that protects the middle class and strengthens it and creates ladders of opportunity for those who aspire to the middle, to get there. >> it's time for the president to present a plan that rises above the reckless and radical voices on the...
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that would be a good start for the senate, harry reid. >> amen. >> sean: guys, good to see you. coming up, when democrats get desperate, what do they do? they pull out the race card. we'll explain which well-known newspaper, by the way, is calling republicans racist for questioning what ambassador rice knew about the benghazi. we'll get to that and much more on this edition of "hannity." embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor
that would be a good start for the senate, harry reid. >> amen. >> sean: guys, good to see you. coming up, when democrats get desperate, what do they do? they pull out the race card. we'll explain which well-known newspaper, by the way, is calling republicans racist for questioning what ambassador rice knew about the benghazi. we'll get to that and much more on this edition of "hannity." embarrassed about my skin. [ designer ] enough of just covering up my moderate to...
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harry reid on the other hand is saying absolutely not. we are going to -- we can't possibly run the senate without making the changes. the m republic is at stake. >> bret: you believe that this is what they want to pursue and not part of the let's force them in to dealing better in the negotiations somehow with the threat of -- >> it could be both. i think, i mean the majority is going to want to do this, regardless of what the majority is. the minority will fight this no matter what. democrats maintain that the republicans abused the filibuster as the majority always does. so i think they would be doing it anyway. but if it's, you know, gives them extra leverage that's a bonus. >> i link this with the president's approach today where he essentially said to the republicans on taxes, you give me everything, i give you nothing, we go over a cliff otherwise. i think this is an assault by democrats on republicans, democrats have an idea that having just one what they won is a landslide, they will push this on all the fronts in the congress an
harry reid on the other hand is saying absolutely not. we are going to -- we can't possibly run the senate without making the changes. the m republic is at stake. >> bret: you believe that this is what they want to pursue and not part of the let's force them in to dealing better in the negotiations somehow with the threat of -- >> it could be both. i think, i mean the majority is going to want to do this, regardless of what the majority is. the minority will fight this no matter...
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so reid is proposing the following rule changes. republicans can't filibuster after having a debate over a bill. democrats shouldn't have to wait as long for a filibuster to be revolved. if republicans want to filibuster, they should have to talk about it. they shouldn't be able to hide in their offices while all this filibustering takes place. come out and talk it over, again and again for a lengthy period of time. the republicans claim that these changes are not fair. blocking legislation for another four years isn't fair to the american people or the process either. it's harry reid's call. joining me is steve benen. great to have you with us. thanks for your time. these rule changes that harry reid and the senate democrats are talking about, how drastic are they and how much of an effect could they have? >> one might think they are outrageous. in reality, the measures that you identified are modest. for many people who are eager to see major changes in the senate because of its dysfunction, this is something of an underwhelming p
so reid is proposing the following rule changes. republicans can't filibuster after having a debate over a bill. democrats shouldn't have to wait as long for a filibuster to be revolved. if republicans want to filibuster, they should have to talk about it. they shouldn't be able to hide in their offices while all this filibustering takes place. come out and talk it over, again and again for a lengthy period of time. the republicans claim that these changes are not fair. blocking legislation for...
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i talked to harry reid earlier today. i asked him whether or not tim geithner had brought a specific offer up here to the republicans from the president. he said no. no specific offer today. in fact, he said the president made the offer from the democrats two weeks ago, and that's the offer that stands now. so, guys, a very high-stakes poker game here on capitol hill right now. treasury secretary geithner meeting with nancy pelosi, the democratic leader in the house, as we speak. we expect to hear from her, probably not him, in about a half an hour. >> what is soon? no deal soon. we're 32 days away. this is just mind boggling. >> you mean it's going to go down to the wire? what a surprise, eamon. >> washington loves brinksmanship. they love deadlines. they're incapable, they've proven time and time again throughout history, they're incapable of coming to a deal before that deadline. my guess is, based on seeing these things before, that's where we're going here. right until mid to late december before we get a final deal.
i talked to harry reid earlier today. i asked him whether or not tim geithner had brought a specific offer up here to the republicans from the president. he said no. no specific offer today. in fact, he said the president made the offer from the democrats two weeks ago, and that's the offer that stands now. so, guys, a very high-stakes poker game here on capitol hill right now. treasury secretary geithner meeting with nancy pelosi, the democratic leader in the house, as we speak. we expect to...
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harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and e
harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes...
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the white house applauding harry reid's efforts. but rewind that to when the democrats were the minority party. mr. reid was a vocal supporter calling it a last check against abuse of power. joining me to explain. president obama said at the time -- in 2005 we had a president bush in the white house. the republicans controlled the senate and the house. the only way of stopping certain legislation at the time was in some cases to filibuster. the legislation or in many cases president bush's judicial nominees. and there was discussion -- there was discussion among republicans about getting rid of the filibuster it was never meant for this purpose. let's blow it up. let many get rid of it. and at the time this is what then senator obama said. everyone in this chamber the senate knows if the majority chooses to end the filibuster, then the fighting, birthsmen and gridlock will only get worse. i know republicans are getting lot of pressure to do this. we need to rise above the ends justify the means to all the people, not just those wear
the white house applauding harry reid's efforts. but rewind that to when the democrats were the minority party. mr. reid was a vocal supporter calling it a last check against abuse of power. joining me to explain. president obama said at the time -- in 2005 we had a president bush in the white house. the republicans controlled the senate and the house. the only way of stopping certain legislation at the time was in some cases to filibuster. the legislation or in many cases president bush's...
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that would be a good start for the senate, harry reid. >> amen. >> sean: guys, good to see you. coming up, when democrats get desperate, what do they do? they pull out the race card. we'll explain which well-known newspaper, by the way, is calling republicans racist for questioning what ambassador rice knew about the benghazi. we'll get to that and much more on this edition of "hannity." this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually e! how illinating. hat's in your wallet? let me guess, am i on the naughty list again? ho ho ho! is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescrip
that would be a good start for the senate, harry reid. >> amen. >> sean: guys, good to see you. coming up, when democrats get desperate, what do they do? they pull out the race card. we'll explain which well-known newspaper, by the way, is calling republicans racist for questioning what ambassador rice knew about the benghazi. we'll get to that and much more on this edition of "hannity." this family used capital one venture miles to come home for the holidays. that's...
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senator reid is now supportive. i feel good about our chances in a month or so. >> i hear from beltway folks that no majority should want to change the rules about that because you would wish you hadn't when your party becomes the minority. if the democrats were in the moi norty, could you live with the rule changes that the democrats and senator reid are proposing? >> after elections, the public things everything should happen >>> here's a weird one. in 1993, the president of turkey died apparently of a heart attack. i say apparently, because his family claimed he did not die of natural causes. they said he was assassinated. when he did die, his family said they feared he had been poisoned. there was no autopsy. the blood samples taken to determine the cause of death, they went woxies and then last month, turkey decided to dig him up. they dug up their former president's pod di and tested it for poisons that might have killed him and according to turkish state media, they found four things. ddt, a related and also
senator reid is now supportive. i feel good about our chances in a month or so. >> i hear from beltway folks that no majority should want to change the rules about that because you would wish you hadn't when your party becomes the minority. if the democrats were in the moi norty, could you live with the rule changes that the democrats and senator reid are proposing? >> after elections, the public things everything should happen >>> here's a weird one. in 1993, the president...
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. >> harry reid kept the focus on the president's winning campaign message of letting the tax cuts expire on incomes over $250,000 a year. >> the people who have done so well during this difficult time with the economy, the richest of the rich are going to have to pay a little more to solve the financial problems we have this this country. >> this is what the campaign has been all about. congressional democrats are making sure the message is simple, consistent, to the point and easy to consume. recent comments from david plouffe as well as lawmakers left the president's strategy open to interpretation. progressives were concerned the social safety net programs were on the chopping block, but today democrats were unified in their approach. they are all on the same page. the president was reluctant to agree to a deal cutting medicare and medicaid benefits. president obama is seeking $1.6 trillion in additional revenue over ten years and $340 billion in health care savings. the time says the deal would not affect benefits. that's the keyword, benefits. the president and some democrats in the
. >> harry reid kept the focus on the president's winning campaign message of letting the tax cuts expire on incomes over $250,000 a year. >> the people who have done so well during this difficult time with the economy, the richest of the rich are going to have to pay a little more to solve the financial problems we have this this country. >> this is what the campaign has been all about. congressional democrats are making sure the message is simple, consistent, to the point...
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>> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done. >> after durbin speoke yesterda, if you're going to get a blueprint, he doesn't want entitlements be part of it for next year. >> it's the 1,000-point solution. maybe that will change their mind. durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a
>> senator reid said we won't have one. everyone has to get used to that. warren buffett talking about going over. probably going to happen in january. i feel like we're going to go over. you can meet with all of the ceos you want to. doesn't really matter. 200,000 people in a room. doesn't really matter. norquist saying don't have a deal. have to raise taxes. democrats don't seem to favor lowered defense budget and favor higher taxes for the rich and so we're done. i think we're done....
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bill: harry reid, what do you think about that? >> well, only senator harry reid of nevada could pack that many lies into something quite that short. look, the taxpayer protection pledge as harry reid well knows is a commitment by senators and congressmen to their constituents, not to me personally, reid tells that lie over and over again, a commitment to their constituents that when they come to washington they will reform government and spend less money, rather than raise taxes. when harry read says that the commitment of those republican senators not to raise taxes is an impediment he means it's an impediment to raising taxes so obama and reid can keep spending money. reid has been supportive of every one of barack obama's wasteful spending programs e. wants to raise taxes to pay for it. you heard from van hollen earlier they are not interested in cutting any spending at all. they want to koeupbt as their contribution to budget he restraint, democrats. cuts already in law and 800 bill dollars that he claims he saved for not occu
bill: harry reid, what do you think about that? >> well, only senator harry reid of nevada could pack that many lies into something quite that short. look, the taxpayer protection pledge as harry reid well knows is a commitment by senators and congressmen to their constituents, not to me personally, reid tells that lie over and over again, a commitment to their constituents that when they come to washington they will reform government and spend less money, rather than raise taxes. when...
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a shift in focus towards entilements and spending cuts and away from taxes and no movement in harry reid's association, he says that democrats have cut enough. >> well, remember we've already done more than a billion dollars worth of cuts, we've already done that. so we need credit for that and those negotiations that take place, and however, here is a cave caveat, senator dick durbin is taking a hard line approach. quote, we can't be so naive to believe that just taxing the rich will solve our problems and put everything on the table, repeat. everything on the table. and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell.
a shift in focus towards entilements and spending cuts and away from taxes and no movement in harry reid's association, he says that democrats have cut enough. >> well, remember we've already done more than a billion dollars worth of cuts, we've already done that. so we need credit for that and those negotiations that take place, and however, here is a cave caveat, senator dick durbin is taking a hard line approach. quote, we can't be so naive to believe that just taxing the rich will...
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senator reid is now supportive. i feel good about our chances in a month or so. >> i hear from beltway folks that no majority should want to change the rules about that because you would wish you hadn't when your party becomes the minority. if the democrats were in the moi norty, could you live with the rule changes that the democrats and senator reid are proposing? we see up or down votes on the people's visit. most people don't talk about process when you're out campaigning or at town hall meetings. i heard so many times what are you going to do so the senate can get things done. they don't care a lot about our senate rules and rule 22 and what used to happen in the senate. they know the senate is a more dysfunctional body than it's been in years and years and years and they want to see something happen. they voted for change and we want to be able to move forward. >> this is something that gets discussed forever, but when i talk to senators such as yourself, those involved in the process that would make this pote
senator reid is now supportive. i feel good about our chances in a month or so. >> i hear from beltway folks that no majority should want to change the rules about that because you would wish you hadn't when your party becomes the minority. if the democrats were in the moi norty, could you live with the rule changes that the democrats and senator reid are proposing? we see up or down votes on the people's visit. most people don't talk about process when you're out campaigning or at town...
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john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big winner. can you believe the stock is near $12 per share. rim was at $6 per share, but positive comments out of goldman sachs fueling the game. apple in the green continuing the postelection resurgence. apple was in bear market correction level just a few weeks ago, but right now jumping about 1%. disappointing november sales numbers. costs dropping 6%, tiffany got a markdown, earnings missed street estimates. and then there is aeropo
john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the...
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comments from harry reid saying he was disappointed in the lack of fiscal cliff talks. two sides maybe still far apart. that spooking investors. dow jones industrial average down 71 points, basically on our lows of the day. let's wrap up our recovery road trip with one of the big economic engines, worst pun ever by the way, for charlotte, north carolina. it's estimated nascar has added more than $5 billion to the area. we're joined my marcus smith, the president of publicly traded speedway motor sports. they own nine tracks, sonoma and the charlotte motor speedway. thanks for joining us. i know you and your dad sometimes have had a con ttentis nascar a bit. what do you see happening in 2013? >> i think we have great news as a sport. nascar is a tremendous economic engine for the charlotte region, as you mentioned. it's a great economic engine wherever there is a nascar race. over $150 million are generated by having one nascar weekend in a given city. >> wow. $150 million to every town. >> you got it. average fan travels over 300 miles one way. we have more fortune 500
comments from harry reid saying he was disappointed in the lack of fiscal cliff talks. two sides maybe still far apart. that spooking investors. dow jones industrial average down 71 points, basically on our lows of the day. let's wrap up our recovery road trip with one of the big economic engines, worst pun ever by the way, for charlotte, north carolina. it's estimated nascar has added more than $5 billion to the area. we're joined my marcus smith, the president of publicly traded speedway...
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>> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. essentially saying the exact same thing that speaker boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to watch the comments from senator durbin, senators schumer and murray are also there as well, likely to speak. you can continue to see that as you see at the bottom of your screen on cnbc.com. >>> let's head down to capitol hill and our own eamon javers. i know you keep saying this is a negotiating tactic being used by both sides. it seems as though the markets and the investing public are the ones being held hostage. >> reporter: absolutely. they must feel that way up there on wall street. i can tell you in washington terms, this is a little bit of e
>> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. essentially saying the exact same thing that speaker boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to watch the...
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stocks fell across the board today following comments from senate majority leader harry reid. he said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. >>> shares of green mountain coffee though jumping after the bell. the company brewed up better than expected fourth quarter results. investors also cheered the company's new hire. david: fiscal 2013 forecast. >>> the xbox may be the gift of choice for many holiday shoppers this season. microsoft said it sold more than 750,000 videogame consoles during the black friday week. that outpaced nintendo's wii u which sold 400,000 units in the first week on u.s. market. microsoft reports that the windows 8 operating system registered 40 million upgrades since its launch october 26th. that's the latest from fox business network, giving you business network, giving you the power to prosper can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open ll night. is
stocks fell across the board today following comments from senate majority leader harry reid. he said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. >>> shares of green mountain coffee though jumping after the bell. the company brewed up better than expected fourth quarter results. investors also cheered the company's new hire. david: fiscal 2013 forecast. >>> the xbox may be the gift of choice for many holiday...
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i understand why harry reid is trying to personalize it as grover. what harry reid doesn't want to say the american people do not want their taxes raised and they elect add republican congress opposed to raising taxes and harry reid is at odds with the american people. >>neil: they are looking like they are raising taxes, grover, is that a repudiation of you or recognition of the election? >>guest: the promise on the pledge is to the american people. what i have accomplished with americans for tax reform, is to make it easy, through the pledge, fowl elected officials, and candidates to credit bright commit they will not raise taxes. corker was elected because he took the learn and people thought he was too moderate and he would not made it but he made the written commitment to the people of tennessee. he would not be a senator today without the commitment f he breaks it he has to have a conversation with the people of tennessee about his keeping his word. the same thing with other people who are elected because they made that written commitment to th
i understand why harry reid is trying to personalize it as grover. what harry reid doesn't want to say the american people do not want their taxes raised and they elect add republican congress opposed to raising taxes and harry reid is at odds with the american people. >>neil: they are looking like they are raising taxes, grover, is that a repudiation of you or recognition of the election? >>guest: the promise on the pledge is to the american people. what i have accomplished with...